'Cournot' presentation slideshows

Course outline I

Course outline I. Introduction Game theory Price setting monopoly oligopoly Quantity setting monopoly oligopoly Process innovation. Homogeneous goods. Quantity and cost competition. Bertrand versus Cournot Simultaneous quantity competition (Cournot)

796 views • 66 slides

Oligopoly and Strategic Interaction

879 views • 63 slides

Strategy: Multistage Games

Strategy: Multistage Games. Key issues. preventing entry: simultaneous decisions preventing entry: sequential decisions creating and using cost advantages advertising. Preventing entry. consider a market with either 1 or 2 firms

682 views • 37 slides

Price Competition

Price Competition. Introduction. In a wide variety of markets firms compete in prices Internet access Restaurants Consultants Financial services With monopoly setting price or quantity first makes no difference In oligopoly it matters a great deal

544 views • 29 slides

Static Games and Cournot Competition

629 views • 27 slides

Static Games and Cournot Competition

280 views • 27 slides

Oligopoly (Game Theory)

Oligopoly (Game Theory). Oligopoly: Assumptions. Many buyers Very small number of major sellers (actions and reactions are important) Homogeneous product (usually, but not necessarily) Perfect knowledge (usually, but not necessarily) Restricted entry (usually, but not necessarily).

443 views • 25 slides

Economics 202: Intermediate Microeconomic Theory

Economics 202: Intermediate Microeconomic Theory. Finish Chapter 15. Oligopoly with Fixed Number of Firms. Reaction Functions P = a - bQ, MC = c, Q = q 1 + q 2 Profits for firm 1 ? ?(q 1 ) = Pq 1 - cq 1 = (a-bq 1 -bq 2 ) q 1 - cq 1 Max ? ? MR = MC ? a -2bq 1 -bq 2 = c

353 views • 16 slides

Cournot with Conjectural Variations

284 views • 8 slides